Sunday, April 5, 2020

JLL closes sale of Jacksonville, FL industrial facility


Grainger Distribution Center is a new, fully-leased, Class A, 297,000-square-foot industrial facility in Jacksonville, FL

 Britton Burdette
 ATLANTA,GA – JLL Capital Markets announced it has closed the sale of Grainger Distribution Center, a new, fully leased, Class A, 297,000-square-foot industrial facility in Jacksonville, Florida.

JLL marketed the property on behalf of the seller, a joint venture led by TriGate Capital, LLC. The buyer was undisclosed.

Completed in December 2019, Grainger Distribution Center is home to W.W. Grainger, Inc., a Fortune 500 business-to-business distributor of maintenance, repair and operating supplies (MRO) whose revenues reached $11.20 billion in 2018 and currently holds A+ and A3 investment-grade credit ratings from Standard & Poor’s and Moody’s Investment Service.

Pete Pittroff 
 The institutional-quality facility features a 32-foot clear height, 65 dock-high doors, two drive-in doors, ESFR fire suppression, LED high-bay lighting, deep truck court and low office finish.

Situated on a total of 75 acres at 6590 Pritchard Rd., Grainger Distribution Center is in the Crossroads Distribution Center Park within Jacksonville’s Westside industrial submarket, the largest and most active submarket in Jacksonville. 

The property has easy access to the entire Jacksonville MSA via Interstate 495 along with Interstate 95, which connects the entire eastern United States.

Matt Wirth
The JLL Capital Markets team representing the developer was led by Managing Directors Britton Burdette, Pete Pittroff and Matt Wirth; Senior Managing Director Dennis Mitchell; Senior Directors Patrick Nally and Bret Felberg; and Vice President Luke Pope.

“This was a high-quality, functional industrial asset in one of the best locations in the Jacksonville market,” Burdett said. 

“The seller received strong pricing, and the buyer acquired a great asset that should perform very well for them over their ownership period and beyond.”

Dennis Mitchell
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. 

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. 

The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

Patrick Nally



For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.

About JLL:

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. 

JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. 


Bret Felberg
JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of more than 93,000 as of December 31, 2019. 

JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. 

  




Luke Pope






Contact: 

Kimberly Steele
 JLL Senior Associate
 Public Relations
Phone: +1 713 852 3420
Email:  Kimberly.Steele@am.

jll.com


New Five-Bedroom Model Home Opens at Dream Finders Homes’ New Winter Garden, FL Community


Gerry Boeneman
WINTER GARDEN, FL – The Anna Maria model has opened at Wincey Groves at Hamlin, a new Dream Finders Homes community at 5512 Orange Orchard Drive off Misty Hills Avenue in Winter Garden.

Gerry Boeneman, President of Dream Finders Homes’ Central Florida division, said the spacious 3,108-square-foot Anna Maria with Bonus has five bedrooms, three-and-a-half bathrooms, and a two-car garage. 

“Buyers can choose from nine different floor plans and 177 homesites with 50- and 60-foot widths,” he said. “Priced starting from $365,990 to $480,990, floor plans at Wincey Groves at Hamlin range from 2,235 to 4,700 square feet, with from four to six bedrooms, two-and-a-half to three-and-a-half bathrooms and two- or three-car garages.”

Boeneman added that a variety of options – including private pools – can be selected from the Dream Finders Homes’ extensive design center. 

“Wincey Groves homebuyers can also tour the Tidewater with Bonus model that opened last year featuring four bedrooms, two-and-a-half bathrooms and a two-car garage.” 

Rendering of Anna Maria model at Wincey Groves at Hamlin, a new Dream Finders Homes community at 5512 Orange Orchard Drive off Misty Hills Avenue in Winter Garden, FL

Amenities include a children’s playground and a planned community park. Nightly Walt Disney World fireworks can be seen right from your own yard, Boneman explained

Situated in the new Hamlin area of Winter Garden, Wincey Groves is close to stylish shopping boutiques and trendy restaurants in the Hamlin Town Center .

Other easily accessible conveniences and entertainment are Highway 429, Historic Plant Street and Winter Garden Farmer’s Market.

Contacts:
Gerry Boeneman, division president, Dream Finders Homes,
Carrie Lazzell, Marketing, Dream Finders Homes,
Beth Payan, Larry Vershel Communications,
407-644-4142, 407-461-3781 or beth@larryvershel.com